- Prachi Singh |
Gap net sales for the five-week period ended April 4, 2015 increased 1 percent to 1.53 billion dollars compared with net sales of 1.51 billion dollars, same month, last year. Comparable sales for March 2015 were up 2 percent versus a 6 percent decrease last year.
“We are especially pleased with the strong customer response to Old Navy during this peak spring shopping month, and we remain focused on the steps necessary to drive improved product consistency across our entire portfolio,” said Sabrina Simmons, chief financial officer, commenting on the company’s performance.
Comparable sales at Gap Global were negative 7 percent versus negative 7 percent last year, at Banana Republic Global, negative 3 percent versus negative 4 percent last year and Old Navy Global gained 14 percent versus negative 7 percent last year. The company will report April sales on May 11, 2015.